The main concern of many Branford homeowners is to have their roof installed, repaired, or replaced immediately. However, only a few stop and ask this question “are roof warranties transferable?”
Yes. You can transfer roof warranties with some caveats. Unfortunately, these requirements differ in every warranty. In fact, some allow homeowners to pass their warranties only once.
Therefore, it pays to know the following before you decide to transfer your roof warranty:
- Know your warranty in-depth
- If you can transfer your benefits to a new homeowner
- And the benefits of successful roof warranty transfers
Are Roof Warranties Transferable: Get To Know Your Warranties
Every Branford homeowner knows their roof warranty cost from the moment they purchased their roofing materials.
What is the average warranty for a new roof? Usually, manufacturers provide full replacement within the first two years. Then, the percentage of end user-shared costs increases as the roof ages.
Are warranties worth it? Definitely. If the roofing product malfunctions during the first year even if contractors installed it with the manufacturer’s specifications, you spend nothing when you get the product replaced.
Are roof warranties transferable? Here are a few things to note to help you get to know more about them and if you can do so.
Labor or Product-Only Warranties?
Are roof warranties transferable? Usually, Branford homeowners can only transfer product-only warranties.
Two types of roof warranties exist.
A labor-only warranty or a standard roofing workmanship warranty has a roof warranty length of over 1-2 years. If you were to sell your property during this period, then the contractor may allow you to transfer your labor-only warranties.
Product-only warranties cover the roofing product and not the workmanship involved in doing so. Additionally, these have strict installation requirements. In fact, manufacturers will require that only licensed contractors install the roof for optimum product performance.
What voids a roof warranty for the product is if you use unlicensed contractors. On the other hand, if licensed contractors fail to install the roof effectively, the product warranty will be void. However, the contractor’s labor warranty will cover for both product and labor costs in these situations.
Labor warranties will cover workmanship depending on the contractor’s specified length of coverage. Usually, they will provide 1-2 years of coverage for their roof installation, repair, or replacement. In fact, some contractors will offer extended labor warranty periods for a fee.
If you’re asking “are most roof warranties transferable?” then you’re correct to assume that you transfer labor warranty extensions of an additional year to a new homeowner if you sell a home that year. However, you only gain this benefit if the labor warranty clause allows transfers.
Additionally, your residential roof structure type and materials may affect the coverage of your labor warranty. You can determine its value by speaking to your contractor.
Most product-only warranties last for almost a decade. In fact, some manufacturers generously provide 20 or more years of product warranties to show their confidence in their products. Therefore, you can correctly assume that most manufacturer guarantees are transferable when you sell your home.
Are roof warranties transferable? Yes, but only if it meets your guarantor’s requirements.
The first requirement is if the terms and conditions allow you to transfer either labor or product warranty to a new homeowner. If the clauses do not mention anything about warranty transfers, then the warranties you transfer become invalid automatically.
Secondly, some guarantors will ask you to pay an administrative fee. Usually, these cover legal costs in changing the names and updating the benefits of the warranty. True enough, most manufacturers deal with administrative fees given the lengthy insurance policies of their products.
Lastly, you’ll need to notify the manufacturer or contractor of the benefit transfer within a specified amount of time. If you fail to notify them, you cannot transfer your warranty benefits even if the terms and conditions allow you to do so.
Usual Warranty Triggers
Most labor warranties will trigger when the roof malfunctions for no apparent reason. In addition, contractors must oblige a full service rendition if the installation, repair, or replacement service fails to withstand one instance of extreme weather.
Product warranties get triggered if the product unnaturally deteriorates within the set amount of time. True enough, most manufacturers advertise the lifespan and durability of their products based on their extensive product research. Therefore, warranties are an acknowledgement of failure and responsibility on their part.
However, if the product fails to perform because of a faulty roof skylight installation, then manufacturers normally void your warranties. So, be careful!
To see the actual warranty triggers you have, you can read the terms and conditions of your contractor or product in full.
Can I Transfer My Warranty to a New Homeowner?
Yes, you can. However, make sure to read your terms and conditions to answer “are roof warranties transferable?” in the most accurate way possible.
Homeowners can transfer roof warranties to homebuyers. True enough, most product warranties and some labor warranties will allow this.
However, transferring roof warranties by tearing down the roof and using it as a replacement for another homeowner’s property will void both labor and product warranties quickly.
Benefits of Successful Roof Warranty Transfers
If you confirm you can transfer your roof warranty to another homeowner, then you can include this as part of your home-selling advertisement. True enough, even estate agents will consider raising your property appraisal rate if your roof still has years of product warranty left.
In particular, newly-installed roofs with both roof workmanship and product warranties will greatly increase the sale value of any home. Therefore, it becomes a great bargaining point with buyers.
Indeed, it is one of the main reasons homeowners remodel their properties before advertising and selling them. Aside from the improved aesthetic, durability, and longevity, warranties play a huge role in raising prices.
Are roof warranties transferable? If you want to do so, always review your terms and conditions if your guarantors allow this.
In addition, the longevity of your warranty plays a huge role in its value. If you use it as a bargaining point, make sure your policy has enough coverage for the new homeowner. Some buyers may consider it useless if it only has 3-5 years of product warranties left for use.
If you’d like to work with a roofing contractor that provides excellent repair, replacement, or installation services, then Amity Home Maintenance Solutions is definitely the right company for you. With decades of experience and a comprehensive roof warranty for our work, we can deliver the best roofing services for your property.